When was this proposal initiated?

Anthropic initiated the proposal in June.

How would Anthropic pay for the computing capacity?

Anthropic would pay Meta in monthly instalments for access to its infrastructure over the two-year period.

Can either party exit the agreement early?

Yes, both parties would retain the option to exit the agreement before the two-year period ends.

Large Language ModelsAI Business & IndustryYahoo Finance AIJul 20, 2026Jul 20, 2026, 19:00 JST

Meta explores $10bn computing lease deal with Anthropic

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3 Key Points

What happened
Meta is in early-stage talks with Anthropic to lease computing capacity in a potential arrangement valued at up to $10bn over a two-year period, with Anthropic paying Meta in monthly instalments. The proposal was initiated by Anthropic in June, and both parties would retain the option to exit before the two-year period ends.
Why it matters
Meta has historically relied on advertising revenue and does not currently operate a business selling computing power. A deal would signal a strategic shift into infrastructure leasing, positioning Meta alongside firms like CoreWeave and Nebius that provide leased computing resources. CEO Mark Zuckerberg said in May that moving into cloud computing was "definitely on the table" and that the company was approached "almost every week" with requests for access to AI models or surplus computing power.
What to watch
The talks are at an early stage and may not lead to a deal, Reuters reported. Shares of Meta fell more than 2% at close on Friday following reports of the negotiations.

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Context & Analysis

Meta's reported discussions with Anthropic represent a potential departure from its traditional advertising-focused business model. CEO Mark Zuckerberg signaled openness to cloud computing infrastructure in May, noting that the company received "almost every week" requests for access to AI models or surplus computing power. The talks align Meta with other firms such as CoreWeave and Nebius that have already built businesses around leasing computing resources to AI developers. However, Meta's lack of existing infrastructure-leasing operations has made negotiations complex, and Reuters reported the talks remain at an early stage with no guarantee of completion. The proposal also comes amid broader developments in Anthropic's operations: the company had previously secured a computing arrangement with SpaceX's Colossus 1 data centre in Memphis, Tennessee (in May), and faced a temporary suspension of access to its Fable 5 and Mythos 5 models under US export control restrictions before those restrictions were lifted by end of June.

FAQ

When was this proposal initiated?: Anthropic initiated the proposal in June.
How would Anthropic pay for the computing capacity?: Anthropic would pay Meta in monthly instalments for access to its infrastructure over the two-year period.
Can either party exit the agreement early?: Yes, both parties would retain the option to exit the agreement before the two-year period ends.

Yahoo Finance AIRead Original Article

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